How would you go about understanding how markets can suddenly be gripped by panic? To physicists, using a model originally developed to explain magnetism might make sense. Yet, economists may find ...

Chuck Collins, co-founder of United for a Fair Economy and a senior scholar at the Institute for Policy Studies, describes the difference between this financial crisis and those of the past. By ...

Investors love a simple narrative, and economists are delighted to oblige. There’s just one slight problem: The obvious stories about the U.S. economy have been repeatedly wrong since the Covid ...

“The sole use of money is to circulate consumable goods.” Those are the words of Adam Smith. It was a throwaway line in Wealth of Nations so over-the-top obvious was it. Money only has a purpose ...